Borrow money to buy assets and then leverage those assets to borrow more money and then repeat! That’s how the rich stay rich 🤑

Amazing. “THIS IS HOW I ACQUIRE WEALTH”

THIS GUY AT THE RESTAURANT : SIR, WHAT WOULD YOU LIKE TO ORDER ? HIM: DEBT 💀😂

I let this guy borrow 40 bucks once and hes always dogging me

Whenever I see this guy I hear “Dettt….detttt…deadddtttt”

I had enough of this guy- y’all don’t let him borrow money anymore- 😂

It's funny how this guy can borrow millions of dollars and I can't even get a bank loan

Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.

And there is the main reason our system is broken: everything is geared to penalize production and fair behavior.

if everyone behaved according to this advice we'd condense the boom and bust cycle into a weekly thing.

Amazing. “THIS IS HOW I GOT RICH”

That's what caused that crash of 2008. Everyone was borrowing money to the point the banks had no money to give

The only reason they don't teach you that in school it's because you are the one saving that money for those rich bastards to borrow

Debts are tax free, but INTEREST is waving 👋

this dude is the type of guy to lend some 40 bucks and then try to ignore you everywhere

For the overwhelming majority of people, they’d be better off if they tried to live debt free

am told this man whispers “debt” to this girlfriend right before he bursts 💀

It's a little scary because the loans can get called in then you're broke

If your wealth is reliant on loans that's not actually being rich because you're a debtor. The lender is the rich one.

More like “The reason I am rich is selling books then reinvested the money in real estate.”

Bro imagine being leveraged or on margin during this crash 🤣 RIP

I see alot of these videos and never heard a question being asked about interest

Dude went bankrupt and his wife saved him by pushing him to write a book. Now all he does is go around bragging 🤣🤣🤣

Can I borrow some of your borrowed money?

It's true. I can't handle debt. That's why I'm not rich.

Dave Ramsey has helped far more people than he ever will.

If everyone did it, they'd start taxing debt.

I had a neighbor who made a good salary but had a lot of expenses. He joined his mother in the landlord business but never borrows money. They have someone run the business and when enough cash accumulates they buy another single-family home without a mortgage and then the cash accumulates at a higher rate.

I’d pay a premium of $20/month to never see this guy in my youtube shorts ever again.

They call this fake rich.... Just so everyone understands

The handle your debt part is the key.

2010, the Canadian Broadcasting Corporation did an exposé on scams that were being perpetuated by Kiyosaki's company in Canada in the guise of seminars. Upon tracking the success claims of "Rich Dad" seminar organizers, they discovered that these claims were not true. Investments in trailers and trailer parks, which were being propagated as "successful" by seminar teachers, were found to actually be barren pieces of land that no one was using. Kiyosaki's advice has been criticized for emphasizing anecdotes and containing nothing in the way of concrete advice on how readers should proceed or work.[24] In 2006 and 2007, Kiyosaki's Rich Dad seminars continued to promote real estate as a sound investment, just before their prices came crashing down.[25] In 2010, Allan Roth of CBS News documented what occurred when he attended one of Rich Dad's free seminars and dissected some of the tactics employed.[26] The Marketplace exposé on his seminars in Canada showed what occurred in $450 seminars through a hidden camera including Kiyosaki's response to them.[2]

"Look at me! I'm a fucking parasite!"

The trick is to convince lenders that you’ll return the money

"I'll gladly pay you Monday for a cheeseburger today"

Came across his book Rich Dad Poor Dad 12 years ago. At 43 and a construction worker for more than 25 years. I am very happy I came across his book. My home will be paid off next year Lord willing.

If you understand history... (Never brings up history again)

It is changing at least in some high schools. I have 2 kids in high school and they both have to take 2 financial classes before they can graduate high school. I have looked at the curriculum and I really like what they are testing in these two classes as they build on financial responsibly and how to manage money and debt.

Everyone drinking Champaign, until the Debt-Collector enters the room.

Robert is a genius man because he will tell you what the banks and government don’t want you to know.Shout out to RK for keep’n it a 1000

He speaks the truth. I got a credit card and in a year I had good enuf credit for a 90k loan ! Just 10% down .

I see all the "professional real estate agents" have entered the chat.

In a way his philosophy makes sense, he borrowed money to purchase everything cash instead of financing them. He probably has only one payment every month.

God said avoid debt.

We’ll I’ll say it…..IM DEBT FREEEEEEEEEEEE!!!!!! I don’t borrow money, we own EVERYTHING we have and I don’t have to worry about paying back monthly debt payments. Try it I guarantee you’ll love it!!!

*Anyone else randomly just started watching shorts and now it’s just a everyday thing?*

You dont pay taxes but you do PAY interest and take on more risk

Imagine the day that they refuse to borrow him more money and ask for his debt. 💀

Also, I learned recently, when u borrow the money, tax free again, u are not responsible if anything outside happens to it, it’s insured, whereas if something happens to your own money your shit outta luck!!!

It's amazing how he keeps saying that same shit over and over again. Yet, he never explains in full detail how to do it.

The normal person that would try to claim thier borrowed money as a tax write-off. Would be thrown in jail so fast.

Paying interest on debt = paying tax

Robert kiyosakis net worth= 100 million (doubtful) with a billion in debt Dave ramsey= 300 million with no debt Wonder which guy i should listen to

What he forgot to tell is that debt taken by business and by individuals have different laws. If u take debt in ur business name, the worst is u default and u still get to go Scott free if it's limited liability company. If u take on name of personal debt, u default, u will still have to pay. No amount of financial education will help u, unless u own business. And think about it : if everyone is running business, who is the employee? Then these same laws will change. He, and all billionaire, including jaspreet, take debt on their share of the company they own. That's why businesses owners get tax breaks.

True but it’s best to turn that debt into hard cash. Never over leverage

It's like using credit cards to your advantage. Borrow money to create assets and slowly pay the loan and still save some money to get more assets. Borrow again to get more assets. Rinse and repeat until you become rich.

So he has no issue with Interest. But he is totally against Taxes. I'm totally confused

I thought this was crazy then I remembered this is what the federal government does and they’re doing alright😂😂😂

When war breaks out ...ur in Debt

If ordinary people literally take his words.. Guess what happen?

The majory of rich life is base on the debt they get from banks. They never gonna pay the debt.

This dude voice is like hearing cats cry, that facial expression is a true snake

Last year, I wrote a check at the end of the year because I had to pay $14,000. The year before that, I wrote a check at the end of the year because I had to pay $14,000. One of those years, the $14K that I paid was called *_taxes._* The other year, the $14K that I paid was called *_interest on the debt that I borrowed._* Does it REALLY matter what you call that $14K that I had to pay? I still had to pay it either way. Don't tell Kiyosaki.

This is my friend giving excuses for not returning my money.

Make sure financial advice you receive is in line with your country’s economy

I just got done explaining to my 60 year old relatives why Robert is a modern day rockstar!

Borrowing the dollar is basically like shorting the dollar which is a smart thing to do.

Exactly. They don’t teach us stuff cus it would break the system if everyone knew how to win

I think his brain forgot about the left side of his face

I graduated from the same Merchant Marine Academy as this guy. Me? Debt-free, sleep at night.

Interest is essentially a tax on your loan

You pay no taxes because you've cheat codes, I pay no taxes because I'm unemployed, we're not same bro

💡For most people, Robert Kiyosaki is THEIR Rich Dad.🎯 🙏🏿May God BLESS him.🙏🏿

If you’re in debt, you’re not rich

i have a feeling that one of his income is lending people money

The tax in debt is called INTEREST

I get the concept, but what about interest in the borrowed debt?

Robert is getting on my last nerve. Guy’s been bullshitting and gaming the system his whole life.

The reason why so many people that are rich borrow money is because its a way to dodge taxes

Dave said it correctly: “most people can’t handle debt”….which is also why he calls it “Baby Steps”. Most people are fucken children when it comes to money and they use debt to buy dumb sh8t, not assets. I listen to both Robert and Dave and the more I listen to Robert Kiyosaki, I realize his message is more for self starters, entrepreneurs, investors who don’t wanna conform to the standard 9 to 5 life. The more I listen to Dave Ramsey, I realize his message is more towards people in the middle class who just work their 9 to 5 and want to retire at 65. For them, it’s a good message to simply get out of debt, save money in your 401k/Roth IRA. but for gogetters, hustlers, Kiyosaki might work better.

He borrows his own money that is made by his company. I have about all of his books and have learned so much from him. He is one of my heroes.

He's clearly tried the Durex Taxless ribbed

Rich dad poor dad leaves one important part of the equation out. Good Debt Bad Debt

The problem with debt is that you owe interest when you borrow money. Essentially you're not paying taxes but you are paying interest.... Either way you still pay into something. Personally, I think we should all stop paying taxes because it's only going into the pockets of shady crooked politicians and not being used on making our quality of life better as it should be.

“Rich (Gold Holding) Dad, Debt (Millionaire) Dad” he should write his new book 📖🤔👍🏿

Lets just Say, Dave teaches you to get the hell out of the hole while Rob teaches you to become milloonaire.

That's the so-called the snowball principle but it doesn't apply to everyone.

kiyosaki says so much but so little at the same time!!! Lol 😂

Someone come get their grandpa.

Is true what he say this the reason why they are rich the play the money around. Is simple philosophy of the life.

I swear you try to teach others how to do what he did and they jealously react instead of reassess and follow the once poor but now rich, who’s sharing his “secrets” man!! 🤯🤦🏻‍♀️I am so grateful for the very minimal rich people who are willing to share AND teach us how to be prosperous with the very things set up to keep us poor! 🤦🏻‍♀️🤯Thank you for sharing!😊

I am debt free I am free

this dude was born rich

This guy giving out very valuable secrets that no schools in the world able to teach. Take notes !

He Spell Debt like ... Death ! Lol ! So in Point 😅🤣😂

We all know the rich get tax breaks we all suffer because of guys like him

I wish I knew this when I was young But it's too late now

We are scared of debt and not to borrow any money and who will lend out money . Who trusted money for me ? 😭😭😭😭😭😭

man i wish i knew the true inner workings of money

This guy is all smoke and mirrors. He never just lays it out